Washington, D.C., December 8, 2025 The U.S. Department of Transportation has...

Truist Financial Announces Workforce Reductions in Cost-Cutting Plan
Charlotte, North Carolina, December 8, 2025 Truist Financial Corporation has outlined a $750 million cost-cutting initiative that includes significant workforce reductions aimed at enhancing operational efficiency. The plan targets around $300 million in annual savings primarily through layoffs over the next 12 to 18 months. Alongside workforce cuts, the bank intends to restructure operations, consolidate business lines, and lower technology expenditures. Despite the challenges posed by these cuts, Truist emphasizes its








